Question
Jersey Mining earns 9.50 a share, sells for 90$ and pays 6 dollars per share dividend - the stock split 2 for 1 and a
Jersey Mining earns 9.50 a share, sells for 90$ and pays 6 dollars per share dividend - the stock split 2 for 1 and a 3$ per share cash dividend is declared. A. What will be the new price of the stock? B. If the firms total earnings do not change, what is the payout ratio before and after the stock split?
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
